Mar 21, 2013 7:00pm PDT
pave the way for prosperity. they are already investing more in the region to meet growing energy demand around the world. >> reporter: the ground beneath the deserts of southern iraq hold some of the world's largest untapped oil deposits. decades of war and sanctions left the country's oil industry in a state of disrepair. but multinational corporations have returned to start new oil production. this is the oil field in southern iraq. i'm standing here on a 14-meter-high construction site of an oil tank. this is where the extracted crude oil will be put temporarily before being put into the pipeline. this oil field is being developed by a joint venture from asia. a malaysian state-run company owns 60% of the stake while an investment firm backed by the japanese government owns the remaining 40%. about 2,400 people work here around the clock. engineers from pakistan and bangladesh work with colleagues from malaysia, japan and iraq. >> japanese count. all right. eight count, please. all right. >> reporter: every morning, workers exercise before heading to the construction site. it'
Mar 23, 2013 4:00pm PDT
. >> it could be a key to cheaper energy, or an environmental plague. how you view fracking depends on how you weigh the pros and cons. scott drills into a controversy that could affect us all. >> this is not about the kind of gas used by most cars. it's about natural gas, also called "methane." it's a fuel used for everything from cooking food, to heating homes, to even generating electricity. natural gas comes from deep underground. it's trapped amid layers of shale rock. to release the gas, you have to break apart the rock. that process is called "fracking," and that's what the controversy is all about. >> ♪ water goes into the pipe ♪ the pipe into the ground ♪ the pressure creates fissures 7,000 feet down ♪ ♪ the cracks release the gas that powers your town ♪ >> that's from a video produced by propublica. they're a group looking into whether fracking is safe. according to those in favor of fracking, it's not a threat. >> fracking has been used in the united states for decades, and it was developed quite a long time ago to do exactly what we do now with the natural gas.
Mar 18, 2013 6:30pm PDT
innocvation, energy, climate. there are not trying to talk about the cyprus issue alone. there was brief mentions saying that of course bureau stability -- euro stability is crucial. how do we get there to encourage growth and innovation? >> they have been distancing themselves from the planet. what else can you tell us? >> this tax on depositors and small depositors it was somehow the instigation of germany. german politicians have been pushing back on that. we heard two government spokespersons say, not at all. they say, not at all. we have heard a lot of criticism through the day from politicians at all across the spectrum saying a tax on small depositors is very question of land by no means were the german politicians satisfied with that part of it. >> melinda, thank you. let's take a look at market reaction. uncertainty over what this would mean for other banks in the euro zone prompting investors to sell off on monday, particularly banking stocks. we have the summary of the day's trading from the frankfurt stock exchange. >> traders have been deeply shocked. for the first time, the
Mar 25, 2013 6:30pm PDT
to have an energy-efficient home or apartment. >> there are lots of creative ways of doing it. the latest trends are being presented right now in germany. >> we decide to take a look at one way to go green, literally. it involves something that you might not expect for heating. algae. >> scientists spent five years trying to find an algae culture that could be used to heat buildings. martin developed the system and now they are launching the test phase. >> we do not have any prior experience. we are kind of writing the book. >> the algae building is a world premiere, but growing algae could soon set a precedent for others because the algae only need a few nutrients, carbon dioxide, and some might in order to produce heat and valuable bio mass. >> if we take a look at our efficiencies, you could say we went back 10% of the night as biomass and harnessed 38% as heat. that's means i recover 48% of the light absorbed by the algae. in solar cells, it is only around 12% to 15%. >> and construction materials and energy systems are key topics at the building exhibition in hamburg. it is a
Mar 24, 2013 6:00pm PDT
energy-efficient fan. now that makes sense. production assistance was provided by allbritton communications and "politico." captioned by the national captioning institute --www.ncicap.org-- >> thank you, mr. president, for upholding the jewish people's rights to a jewish state. >> president obama in israel -- the chill is gone. >> i see this visit as an opportunity to reaffirm the unbreakable bond between our nations. >> rand paul, the man with a plan. >> i call the plan trust but verify. >> republicans look at what went wrong in 2012. >> when republicans lost in november, it was a wake-up call. >> the war in iraq 10 years later, the budget that refuses to die. >> our budget plan reduces the deficit without raising taxes. >> the republican plan is the same baby with a new diaper. >> we know that until recently president obama and israeli prime minister netanyahu enjoyed what can be politely described as a somewhat strained relationship. on april 7 of last year, the "new york times" reported benjamin netanyahu and mitt romney enjoyed a warm relationship. almost one year later,
Mar 24, 2013 6:30pm PDT
doing would be to deal with the environmental crisis that we have, to change the way we use energy. for example ,just to give one, to give us the proper mass transportation system that advanced countries in other parts of the world already have that we ought to have. millions of people could go to work producing that system and give us a way to move our goods and move our people around the society using less oil and gas with less damage of injury and death the way our car-driven system has, with less pollution of our environment. here's a way to benefit people on many scales while we put to work those who want to work with the raw materials and tools that are available. and the third thing i would do is take a page from italy, yes, italy who passed a law in 1985 called the marcora law which said the following wonderful thing. if you want employment you have a choice in italy. you don't just have to collect your weekly unemployment check the way we do here in the united states, you have an option. if you get together with ten other unemployed workers and you agree to do the following thi
Mar 20, 2013 6:30pm PDT
write off the russian talks just yet. we also understand that the separate energy minister is now in moscow as well. he is a very important man because cyprus has recently discovered natural gas. i understand that the finance minister will have more meetings later, so bear in mind that the russian situation is not closed, but meetings have been going on this afternoon. we understand the president is working on a bill to limit money leaving cyprus and extending the bank closures in the short term. the banks will be closed on thursday and friday according to your peace there, but it will likely be closed thursday, friday, saturday, sunday, monday, and tuesday. by tuesday, we are looking at 10 days of closure. there is also some speculation that state pension funds may be rated in this revised plan, this so-called plan b, and we understand that some kind of cobbled plan will be presented to the troika tomorrow, but it is a fluid situation. things are moving literally by the minute here, but we understand the president does have another meeting in the morning and that he may actually say
Mar 18, 2013 7:00pm PDT
completely positive outlook. the training for this contest will give me the energy to face challenges at work. >> reporter: they make an offering of physical strength. they're granted inner strength. that plus the satisfaction of challenging themselves to the limit. peop >>> people in tokyo will commuting to work under clear skies but getting home from work last night was a different story. >> what a wet and windy evening we had last night in metropolitan regions of tokyo. things are going to be clearing out today. let me show you the damage it had done yesterday. extreme wind moved through japan yesterday causing traffic delays and damaging buildings and homes. officials issued an alert for tornadoes in part of the region last night. the storm also brought rough seas. one surfer is reportedly missing off the coast. back to the satellite picture you can see the clouds moving away from japan. take a look at this, 283 millimeters has fallen inhe st 2 hours. 200 millimeters fell in just the span of three hours. about 140 kilometers gusts have been reported in okinawa as well. 87 kilomete